ICICI Direct's research report on Star Health and Allied Insurance
Star Health is the largest standalone insurer engaged in health insurance segment with relatively superior market share, operating performance. Star Health is a market leader in the retail health insurance segment with ~33% market share, as of September 2022 • Star Health has 815 branches and 14000+ network hospitals, with a presence in 25 states and five union territories.
Outlook
We maintain BUY rating on the stock. We value Star Health at ~2.8x FY24E GDPI (58x FY24E EPS) to arrive at a revised target price of Rs 850 from Rs 860 earlier.
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